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Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 35. (Read 223316 times)

oaxaca
hero member
Activity: 671
Merit: 500
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 11:47:46 AM
#2431
Quote from: ?? on ??
Are you going to be actively "Buying Up" AMC Shares until there are none to buy after the trade-in deadline? Maybe I missed it but your intentions on AMC after the shareholders "trade-in for VMC shares" has passed is not clear.

My impression is that Ken is saying: "I'll make him an offer he can't refuse"



After reading some more, current shareholders have a clear choice.  Shares in VMC would be worth a lot more than shares in AMC moving forward.  After the first sale of equipment, or the first bit of profit for VMC the difference will be obvious.  Anybody that didn't swap will regret it.
kslaughter
sr. member
Activity: 476
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 11:33:56 AM
#2430
Quote from: metalh47k on July 04, 2013, 01:20:07 AM
Quote from: ArcticWolf on July 04, 2013, 01:11:27 AM
Quote from: auto2nr1 on July 04, 2013, 12:21:50 AM
Quote from: kslaughter on July 04, 2013, 12:11:40 AM
I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?
I believe that VMC will be buying back or absorbing the majority of AMC's shares, AMC will still mine and payout to their shareholders. VMC will be a majority shareholder of AMC and pass on the dividend to the VMC shareholders.
(Dont know if this is the case, but thats how I interpret it)

I interpret that as AMC will purely mine and give dividends for mining. VMC will receive dividends for both mining and sales.

AMC and VMC will share dividends from mining? and VMC will have the added dividends from sales?

Yes, that is the way it would work.  The 10 Million shares represent a 10% division of profits in AMC.  If the 10 Million shares are swapped for VMC shares the
10 Million shares would represent a 40% true ownership in VMC.  Also VMC will receive income from mining and from sales.
forensick
sr. member
Activity: 376
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 11:32:33 AM
#2429
Quote from: kslaughter on July 04, 2013, 11:07:30 AM
Quote from: Vbs on July 04, 2013, 10:35:11 AM
Quote from: auto2nr1 on July 04, 2013, 10:28:39 AM
Quote from: Vbs on July 04, 2013, 04:23:52 AM
Quote from: hf on July 04, 2013, 04:18:26 AM
Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

Yep, he must have thought it would be ฿2.78/2,000,000 = 0.00000139, but it turned out to be ฿2.78/511,867 = 0.00000543. Maybe Ken can issue a special ฿0.00000404 dividend on BF to cover this? Thoughts?

Yes, Ken should definitely cover us for this. This was one of the issues that were addressed. So the past 5 dividend payouts from BitFunder has been wrong.

No, they were correct (the past 5 dividends on BF). Just this time, the dividend on btct.co is wrong.

The dividends on bitfunder was the correct one, next week we will issue the correct dividend on BTC-TC.

pity i have much  more shares on BF, but at lease few on btc.to as well  Wink
kslaughter
sr. member
Activity: 476
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 11:29:31 AM
#2428
Quote from: auto2nr1 on July 04, 2013, 10:28:39 AM
Quote from: Vbs on July 04, 2013, 04:23:52 AM
Quote from: hf on July 04, 2013, 04:18:26 AM
Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

Yep, he must have thought it would be ฿2.78/2,000,000 = 0.00000139, but it turned out to be ฿2.78/511,867 = 0.00000543. Maybe Ken can issue a special ฿0.00000404 dividend on BF to cover this? Thoughts?

Yes, Ken should definitely cover us for this. This was one of the issues that were addressed. So the past 5 dividend payouts from BitFunder has been wrong.

No, the BF dividends are right.
kslaughter
sr. member
Activity: 476
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 11:27:41 AM
#2427
Quote from: VolanicEruptor on July 04, 2013, 11:12:44 AM
this issue aside, BTCT always seems to be the better choice over Bitfunder.  Is there a way to transfer shares without selling and re-buying?

Yes, check the BTC-TC details, however this is not a fast process.  Right now it may take 2-3 weeks to get the shares transferred, as we are
working on a number of other things. 
VolanicEruptor
sr. member
Activity: 392
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 11:12:44 AM
#2426
this issue aside, BTCT always seems to be the better choice over Bitfunder.  Is there a way to transfer shares without selling and re-buying?
kslaughter
sr. member
Activity: 476
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 11:07:30 AM
#2425
Quote from: Vbs on July 04, 2013, 10:35:11 AM
Quote from: auto2nr1 on July 04, 2013, 10:28:39 AM
Quote from: Vbs on July 04, 2013, 04:23:52 AM
Quote from: hf on July 04, 2013, 04:18:26 AM
Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

Yep, he must have thought it would be ฿2.78/2,000,000 = 0.00000139, but it turned out to be ฿2.78/511,867 = 0.00000543. Maybe Ken can issue a special ฿0.00000404 dividend on BF to cover this? Thoughts?

Yes, Ken should definitely cover us for this. This was one of the issues that were addressed. So the past 5 dividend payouts from BitFunder has been wrong.

No, they were correct (the past 5 dividends on BF). Just this time, the dividend on btct.co is wrong.

The dividends on bitfunder was the correct one, next week we will issue the correct dividend on BTC-TC.
kslaughter
sr. member
Activity: 476
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 11:01:48 AM
#2424
Quote from: mtbitcoin on July 04, 2013, 10:38:18 AM
Quote from: bigdude on July 04, 2013, 04:07:32 AM
Quote from: JimmyJazz on July 04, 2013, 03:58:01 AM
My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?

True indeed.

0.00000543 per share on BTCT
0.00000139 per share on BitFunder

How did that happen?

I missed out on a LOT of BTC lol


I guess this explains why the AMC-PT (pass-through) is going for higher than the actual AMC listing on Bitfunder  Grin

I think what happen is that the BTC-TC dividends work different than bitfunder.  On bitfunder the dividends are divided between all
issues shares which includes all shares issued.  BTC-TC must have spread the dividend to only the shares that have sold.

Next week the dividend will be correct on BTC-TC to account for this. 
funkymunky
sr. member
Activity: 283
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 10:58:39 AM
#2423
I understand Ken is having some Ken time, which he definitely deserves.
Therefore I'll ask you guys.

Does anyone know how I transfer my BFL credit to AMC/VMC and who do I address it to?
mtbitcoin
legendary
Activity: 876
Merit: 1000
Etherscan.io
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 10:38:18 AM
#2422
Quote from: bigdude on July 04, 2013, 04:07:32 AM
Quote from: JimmyJazz on July 04, 2013, 03:58:01 AM
My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?

True indeed.

0.00000543 per share on BTCT
0.00000139 per share on BitFunder

How did that happen?

I missed out on a LOT of BTC lol


I guess this explains why the AMC-PT (pass-through) is going for higher than the actual AMC listing on Bitfunder  Grin
Vbs
hero member
Activity: 504
Merit: 500
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 10:35:11 AM
#2421
Quote from: auto2nr1 on July 04, 2013, 10:28:39 AM
Quote from: Vbs on July 04, 2013, 04:23:52 AM
Quote from: hf on July 04, 2013, 04:18:26 AM
Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

Yep, he must have thought it would be ฿2.78/2,000,000 = 0.00000139, but it turned out to be ฿2.78/511,867 = 0.00000543. Maybe Ken can issue a special ฿0.00000404 dividend on BF to cover this? Thoughts?

Yes, Ken should definitely cover us for this. This was one of the issues that were addressed. So the past 5 dividend payouts from BitFunder has been wrong.

No, they were correct (the past 5 dividends on BF). Just this time, the dividend on btct.co is wrong.
VolanicEruptor
sr. member
Activity: 392
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 10:32:05 AM
#2420
Quote from: bigdude on July 04, 2013, 04:07:32 AM
Quote from: JimmyJazz on July 04, 2013, 03:58:01 AM
My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?

True indeed.

0.00000543 per share on BTCT
0.00000139 per share on BitFunder

How did that happen?

I missed out on a LOT of BTC lol




This needs to be addressed IMMEDIATELY. 
auto2nr1
sr. member
Activity: 350
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 10:28:39 AM
#2419
Quote from: Vbs on July 04, 2013, 04:23:52 AM
Quote from: hf on July 04, 2013, 04:18:26 AM
Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

Yep, he must have thought it would be ฿2.78/2,000,000 = 0.00000139, but it turned out to be ฿2.78/511,867 = 0.00000543. Maybe Ken can issue a special ฿0.00000404 dividend on BF to cover this? Thoughts?

Yes, Ken should definitely cover us for this. This was one of the issues that were addressed. So the past 5 dividend payouts from BitFunder has been wrong.
auto2nr1
sr. member
Activity: 350
Merit: 250
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 10:25:24 AM
#2418
Quote from: Vbs on July 04, 2013, 04:13:49 AM
Quote from: hf on July 04, 2013, 04:08:30 AM
Quote from: JimmyJazz on July 04, 2013, 03:58:01 AM
My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?
Good catch.

We got ฿0.00000543 per share on btct, ฿0.00000139 on bitfunder.

Seems that on btct.co the dividends are only paid to outstanding shares (which is the correct way), while on BF they are paid to all shares, so Ken transferred the BTC accounting for his issuer shares but those got nothing on btct.co. Undecided

We should get this taken care of as soon as Ken comes back from his trip. Dividends should only be paid to sold shares.
Vbs
hero member
Activity: 504
Merit: 500
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 09:21:19 AM
#2417
Another topic for discussion is how the acquisition of AMC by VMC can be done as closest as possible to 100%. What happens to AMC's "growth fund shares" and what happens to the remaining 60,000,000 yet to be created. Should't all of these be property of VMC also?
Vbs
hero member
Activity: 504
Merit: 500
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 04:35:10 AM
#2416
Quote from: metalh47k on July 04, 2013, 01:20:07 AM
Quote from: ArcticWolf on July 04, 2013, 01:11:27 AM
Quote from: auto2nr1 on July 04, 2013, 12:21:50 AM
Quote from: kslaughter on July 04, 2013, 12:11:40 AM
I really don't know how it will play out, but shareholders which decide to not swap will continue to receive their dividends for the foreseeable future.  I think there wii be a market for the shares

How will AMC shares still receive dividends if mining dividends will be paid to VMC shares? Won't the Avalon's and the 20k chips be used to mine for VMC shareholders?
I believe that VMC will be buying back or absorbing the majority of AMC's shares, AMC will still mine and payout to their shareholders. VMC will be a majority shareholder of AMC and pass on the dividend to the VMC shareholders.
(Dont know if this is the case, but thats how I interpret it)

I interpret that as AMC will purely mine and give dividends for mining. VMC will receive dividends for both mining and sales.

AMC and VMC will share dividends from mining? and VMC will have the added dividends from sales?

VMC shareholders will receive dividends from AMC mining from the AMC shares that VMC will hold.

When you trade existing AMC shares for VMC shares, you get a VMC share from the trade, while VMC receives an AMC share. The more are traded, the more VMC owns AMC, until it reaches 100% ownership.

VMC now receives AMC mining dividends from the AMC shares it holds and passes them along to VMC shareholders.
Vbs
hero member
Activity: 504
Merit: 500
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 04:23:52 AM
#2415
Quote from: hf on July 04, 2013, 04:18:26 AM
Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.

Yep, he must have thought it would be ฿2.78/2,000,000 = 0.00000139, but it turned out to be ฿2.78/511,867 = 0.00000543. Maybe Ken can issue a special ฿0.00000404 dividend on BF to cover this? Thoughts?
hf
member
Activity: 98
Merit: 10
there will be no fucking vegetables
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 04:18:26 AM
#2414
Quote from: Vbs on July 04, 2013, 04:13:49 AM
Quote from: hf on July 04, 2013, 04:08:30 AM
Quote from: JimmyJazz on July 04, 2013, 03:58:01 AM
My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?
Good catch.

We got ฿0.00000543 per share on btct, ฿0.00000139 on bitfunder.

Seems that on btct.co the dividends are only paid to outstanding shares (which is the correct way), while on BF they are paid to all shares, so Ken transferred the BTC accounting for his issuer shares but those got nothing on btct.co. Undecided
Yep, thanks for the explaination, this is most certainly the reason.

btct : 2013-07-04 00:47    ฿ 2.78000000    511867    0.00000543    COMPLETE

Only the 511867 sold shares got their divs.
Vbs
hero member
Activity: 504
Merit: 500
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 04:13:49 AM
#2413
Quote from: hf on July 04, 2013, 04:08:30 AM
Quote from: JimmyJazz on July 04, 2013, 03:58:01 AM
My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?
Good catch.

We got ฿0.00000543 per share on btct, ฿0.00000139 on bitfunder.

Seems that on btct.co the dividends are only paid to outstanding shares (which is the correct way), while on BF they are paid to all shares, so Ken transferred the BTC accounting for his issuer shares but those got nothing on btct.co. Undecided
hf
member
Activity: 98
Merit: 10
there will be no fucking vegetables
Re: [AMC]-The Official Active Mining Cooperative Discussion
July 04, 2013, 04:08:30 AM
#2412
Quote from: JimmyJazz on July 04, 2013, 03:58:01 AM
My payments per dividend was much higher on amc-pt than on amc on bitfunder? Any reason for this?
Good catch.

We got ฿0.00000543 per share on btct, ฿0.00000139 on bitfunder.
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